The average cost of renting a flat in the metropolitan borough of Lisbon stands at €1,235 a month. And it takes on average 91 days from the time an apartment is put on the market for rent until a [...]

US acquisitions in Portugal have increased by 25% while Venture Capital transactions have increased 34% in the first five months of the year. This is according to the consultant TTR [...]

Raize, a Portuguese company with a platform that brings together investors and companies in order to help finance new company projects for SMEs, has seen a return to pre-pandemic levels of [...]

A former secretary of State for Finances has accused the former PSD government of having lied to the Portuguese over the winding up of Banco Espírito Santo and the creation of Novo Banco which [...]

Portuguese banker António Horta-Osório has received a knighthood in the Queen’s birthday honours list for steering Lloyd’s Banking Group back to profit and private ownership after the financial [...]

The Spanish hotel group Vincci will open a new €29 million 94 room hotel in Vila Nova de Gaia near Porto. The group already has two hotels in Lisbon and one in Porto so this will be its fourth [...]

Every euro invested by overseas buyers in residential property in Portugal generates €7 in the Portuguese economy for the next five years. This is according to a recent study from the Portuguese [...]

The Portuguese Industrial Confederation (CIP) has signed a Memorandum of Understanding to set up the Saudi-Portugal Business Council. The aim of the business council is to boost the economic [...]

Portugal’s bank BCP is preparing to downscale its workforce by around 1000 staff. The bank is embarking on a programme of reform and amicable redundancies from next week. Staff were informed of [...]

The Spanish digital bank WiZink which operates in Portugal has suffered a fall in profits by 61% to €8.5 million. The fall was partly down to a fall in taking out loans in both countries because [...]